15‑45 Recovering amounts previously writ15‑45 Recovering amounts previously written off

#### 15‑45 Recovering amounts previously written off (1) You have an increasing luxury car tax adjustment if: (a) you made a \*taxable supply of a luxury car in relation to which you had a \*decreasing luxury car tax adjustment under section 15‑40 for a debt; and (b) you recover the whole or a part of the amount or amounts of the debt that have been written off as bad or \*overdue for 12 months or more. (2) The increasing luxury car tax adjustment is equal to: (a) the amount of luxury car tax (if any) that would be payable if the \*price of the supply of the car (disregarding any previous \*luxury car tax adjustments for the supply) was reduced by the sum of: (i) the amount or amounts of the debt previously written off as bad; and (ii) the amount of the debt that has been \*overdue for 12 months or more (other than amounts already written off); and then increased by an amount equal to the amount or amounts recovered; minus (b) the amount of luxury car tax (if any) payable on the supply of the luxury car, taking into account any previous \*luxury car tax adjustments for the supply.